Exceptional + generous, how to proceed?

I had already written... my first post regarding this was only meant as a "joke"

Since the construction project is very, very far from my completely normal construction project, I obviously can and want to say nothing about it. However, I also think the tip about an architect for the corresponding single-family house is very good.

Otherwise, just one more thought: Unless you have a few more million stashed away, I would seriously consider whether to finance part of it externally after all. As a big fan of equity capital, I see an exception here. Having a lot of liquidity definitely allows you to sleep better with a lot of credit, and with a lot of liquidity you can very nicely react to certain market situations. Keyword: concentration risk. We now have well over 150k left over, which we don't put into the house or early repayment. Who knows what that might be good for someday. In the next crash (and it is due), I would pump a not small part of it into the stock market. Also, tax-wise, a loan of >1 million or more should already become interesting. You have to somehow make the property commercially "usable."

Of course, these are all thoughts that are not relevant for the "normal" house builder. I count myself among them. After intensive discussions with my tax office, I decided on full private financing, even though an office is coming into the house. For us, the ratio between "noticeable taxes" and "tax-related possible risk" in a later sale and removal from the company would not have been good. It always depends on the individual case.

Regards, Steffen

Can't you also deduct a home office from taxes like that?
Of course, only the proportional loan interest and not the construction sum...

OK, I didn’t list that specifically, although I hadn’t thought about the prepayment penalties. But it’s clear that heating is necessary or that I need lighting...